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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. Which statement is correct about Phantom Bundles?

A) Pricing is not defined at the Bundle level.
B) The ratio of product quantities is used to determine the rate for volume-based pricing.
C) For pricing, the quantities of the services used for the products in the bundle are combined into in overall total that is priced.
D) Pricing is defined at the Bundle level.
E) The ratio of product quantities is used to determine the total quantity for discount purposes.

2. What is the syntax used to declare elements that are held together and can have multiple entries for the same data?

A) Type=elements
B) Type=group
C) Type=list
D) Type=businessObject
E) Type=rowRef

3. Which status does not allow a bundle to be reopened?

A) Pending
B) Cancelled
C) Applied
D) Bundled

4. Which option describes the minimum steps to be performed to assign a PriceList to an account?

A) Configure Rates, Create Rate Definitions, Create Products, Create Exchange Rates, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account
B) Configure Rates, Create Products, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account
C) Configure Rates, Create Rate Definitions, Create Products, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account, Create Override Pricing
D) Configure Rates, Create Rate Definitions, Create Tiering Criteria, Create Products, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account
E) Configure Rates, Create Rate Definitions, Create Products, Assign Productsto PriseLists, Create Pricing, Assign PriceList to Account

5. In what scenario is a Bill Period mode of recurrence typically used?

A) when billing on an annual basis
B) to create a Bill Segment for the whole month
C) to generate a bill on a specific date
D) to create a Bill Segments with a specific end-date
E) when billing on a monthly basis

Solutions: